Daily News Inventory - 21st July, 2014

  • Ex Judge Katju alleges three former CJIs made 'improper compromises'

    ·         Former Supreme Court judge Markandey Katju, currently Chairman of Press Council of India, stirred a controversy by alleging that three ex-Chief Justices of India had compromised in giving extension to an additional judge of Madras High courtat the instance of UPA government in the wake of pressure from one of its allies, apparently DMK.

    ·         Katju made the charge while alleging how the three former CJIs--Justices R C Lahoti, Y K Sabharwal and K G Balakrishnan--had made "imroper compromises" in allowing the judge, against whom there were several allegations of corruption, to continue in office.

    ·         "These three former CJIs made improper compromises. Justice Lahoti who started it, then Justice Sabharwal and then Justice Balakrishnan. These are CJIs who can surrender. Is a CJI going to surrender to political pressure or not going to surrender to political pressure?" Katju, who became the Chief Justice of Madras High Court in November 2004, told.

    ·         Katju said since he got many reports that the additional judge concerned was allegedly indulging in corruption he had requested the then CJI Lahoti to get a secret IB inquiry made about him.


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Daily News Inventory - 20th July, 2014

  • Government promises broadband facility in every village

    ·         The Centre has promised to extend broadband facility to every village in the country with the active cooperation of State governments.

    ·         Telecommunication and IT Minister Ravi Shankar Prasad said more than 1.34 lakh internet enabled centres have been set up in rural areas to promote and develop information technology in rural areas of the country.

    ·         “Our government is committed to expand the information technology to every village in the country... State governments have to be on board in our initiative. The involvement of State governments is very important. Both Central and State governments have to work together,” he said in Lok Sabha during Question Hour.

    ·         Prasad said bandwidth is not available in many areas in the country and the Central government is trying to improve the situation.


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4:35 a.m. – Why am I awake?

  • Is something wrong with me? I should not be awake at this hour. The rest of the world is fast asleep. But then that’s the point I am trying to prove here – I am not like the rest of the world. For as long as I can remember, the dream had been running ahead of me. This time I have taken the lead. I am one step ahead of the dream and I will keep pressing ahead. Oh I am so done with sleeping. I am done with dreaming. I am done with watching the show with my nose pressed against the glass. I am now swinging the door open and stepping inside the arena. It has begun – the countdown to MY show. I am counting months, weeks, days, hours…and I will make them count soon.

    (A page from the diary of the TestCracker of tomorrow)

    © TestCracker 2013


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Quote of the Day

  • "Don't think about who you have been.  Who are you now?  Who have you decided to become? Make this decision consciously.  Make it carefully. Make it powerfully..." 

                                                                                                     ~ Anthony Robbinsr


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Quant & Puzzle Inventory - 46

The Burning Issue: In a spot: NSEL Saga

  • It’s raining scams! After Securities scam in ’92 (More commonly known as Harshad Mehta scam) and KP scam in ’01, following the cycle of 10 years, this time, an entire exchange was fabricated on treachery of its promoters. The scam is a systematic fraud perpetrated in the commodity market by National Spot Exchange Ltd. The supposedly 5,600 Crore Rs fraud came out in the public domain after NSEL failed to pay out its investors in commodity pair contracts after 31 July 2013. Let’s have a summarised look at the seedy insides of the exchange which was once a darling of the markets and the ministry too.


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